You have to stop generalising though - I have no idea what you mean by "high income earner". It can mean different things. Yes some high income earners (whatever that means) do very well with negative gearing, or other deductions, but some so called high income earners do not.

I am not for one second saying I do it as tough as a low income earner but sweeping generalisations about anyone's situation do nothing but annoy people.

Fair enough.

Originally Posted by Clementine Grace

I don't understand what this has to do with the school kids bonus?

If you earn more money, then you earn more money. Of course you are better off. You are also contributing a larger amount to the income tax pool.

We pay the highest rate of tax. I still would personally like to see the school kids bonus stay and there are a lot of families who simply don't have the spare money for new shoes, uniforms and books.

I'm confused by your post. The post you quoted me on had a couple of questions for people.

Well I for one am glad this is coming out now, this is important for many families. Don't vote for Abbott.

we did not qualify for the school bonus, I am not upset as we are fortunate enough to be able to get by without assistance. This doesn't mean I want to see lower income families struggle to pay for school uniforms, fees and books. Making life just that little bit harder for families won't win any votes.

i also tire hearing of how much tax people pay. We all pay tax. We all benefit from it.

I only skimmed the article so maybe I misinterpreted, but I thought it said they preferred to go back to the old way of claiming at tax time with receipts as opposed to a mass payout?. Yes this is probably more of a PITA to claim but isn't it just changing the format rather than dropping it completely?.

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yes WTK thats the way I read it too - that he wants it to go back to the old way of claiming it on your tax return.

Originally Posted by delirium

I would also love those that are higher income earners and are against this bonus to respond to my question would they support middle/higher class welfare like PHI rebate, first home buyers, CCR, BB etc be abolished as well since the tax payer is funding those too? particularly since all but CCR are wants not needs to people that don't even really need it?

I am definitely not in favour of this plan - but will answer the question anyway, as high income earners are seeming to get slandered a bit here.

Firstly - all of those programs (PHI rebate, FHOG CCR and BB) are all means tested, so not available to high income earners. (The BB and CCR cut out at $150k ... PHI is phased out but not sure of the levels. First home owners grant is only on houses under a certain amount, so cannot be used to buy a luxury home)

PHI rebate also has a negative attached - if you are on a high income and do NOT have PHI, then you get charged a penalty.

Having said that
- I am all for cutting the first home owners grant. I think its a stupid grant anyway, and has not acheived its objectives.

- I am ok with cutting the PHI rebate - or at the least ensuring the threshold is lowered so that it only applies to lower income earners. Happy with keeping the penalty in place ... high income earners should be encouraged to take out PHI and take the pressure off public health. Removing this grant needs to be balanced with people pulling out of PHI though ... so might be a tricky one.

- I think the CCR needs to be restructured. Happy with a rebate for low income earners - a tax deduction doesnt really help them pay the initial costs so a quarterly rebate is better. Anyone over the threshold should only be entitled to it as a % of their tax paid though. If high income earners are to go back to work, a part of the cost is child care, and this should effectively be tax deductible for them.

- BB - is probably ok as it is - is for families earning under $150k though maybe have it as a lesser amount for those earning $100-$150 if they are looking at trying to save money

Taking away a payment to the lowest earning members of our society isnt the way governments should be looking at saving money. The school bonus is only available to those getting FTB-A ... so is only for those in need.

Abbott to axe school bonus if he gets in

yes WTK thats the way I read it too - that he wants it to go back to the old way of claiming it on your tax return.

I am definitely not in favour of this plan - but will answer the question anyway, as high income earners are seeming to get slandered a bit here.

Firstly - all of those programs (PHI rebate, FHOG CCR and BB) are all means tested, so not available to high income earners. (The BB and CCR cut out at $150k ... PHI is phased out but not sure of the levels. First home owners grant is only on houses under a certain amount, so cannot be used to buy a luxury home)

PHI rebate also has a negative attached - if you are on a high income and do NOT have PHI, then you get charged a penalty.

Having said that
- I am all for cutting the first home owners grant. I think its a stupid grant anyway, and has not acheived its objectives.

- I am ok with cutting the PHI rebate - or at the least ensuring the threshold is lowered so that it only applies to lower income earners. Happy with keeping the penalty in place ... high income earners should be encouraged to take out PHI and take the pressure off public health. Removing this grant needs to be balanced with people pulling out of PHI though ... so might be a tricky one.

- I think the CCR needs to be restructured. Happy with a rebate for low income earners - a tax deduction doesnt really help them pay the initial costs so a quarterly rebate is better. Anyone over the threshold should only be entitled to it as a % of their tax paid though. If high income earners are to go back to work, a part of the cost is child care, and this should effectively be tax deductible for them.

- BB - is probably ok as it is - is for families earning under $150k though maybe have it as a lesser amount for those earning $100-$150 if they are looking at trying to save money

Taking away a payment to the lowest earning members of our society isnt the way governments should be looking at saving money. The school bonus is only available to those getting FTB-A ... so is only for those in need.

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